GMX Resources – Day Three Breakout Notes

Michael Rohleder, President of GMX Resources (GMXR), presented today at EnerCom’s The Oil & Gas Conference® 17. GMX Resources is an E&P Company with development acreage in two oil resource plays, the Williston Basin (North Dakota/Montana) and the DJ Basin (Wyoming), targeting the Bakken/Sanish, Three Forks and Niobrara Formations, respectively. The company also operates in two natural gas/liquids rich resource plays, the Haynesville/Bossier Formation and the Cotton Valley Sand Formation.

During the company’s breakout session, management was asked the following questions:

• What direction do you predict the third quarter numbers to go and why?
• When you look at pre-drill AFE costs versus your post-drill, where are you falling and is there any difference between the 2011 and 2012 results?
• Qualitatively, do you feel like there has been a learning curve? Are you more confident now that your post-drill costs are going to be closer to, if not less, than your pre-drill estimates?
• Do you see a large price differential between the price per barrel you’re getting for your operated versus your non-operated properties?
• Do you have a time or date which you’re expecting to see the offers for East Texas properties?
• Are there any transactional comps we can look at to get a sense of the range of the market?
• Where do you expect your production to end this year? Where would you like to see it end next year?
• On the Niobrara, what is your average acreage cost there? Who is in the surrounding areas?
• Do you know if the Bill Barrett and Fidelity wells were targeting the Niobrara?

Click here for the GMX Resources webcast.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.

Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. The company or companies covered in this note did not review the note prior to publication.